Gensol Engineering (BOM:542851) Long-Term Capital Lease Obligation : ₹1,231 Mil (As of Sep. 2024)

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What is Gensol Engineering Long-Term Capital Lease Obligation?

Gensol Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1,231 Mil.

Gensol Engineering's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹789 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹1,231 Mil).

Gensol Engineering's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹120 Mil) to Mar. 2023 (₹552 Mil) and increased from Mar. 2023 (₹552 Mil) to Mar. 2024 (₹789 Mil).

Gensol Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gensol Engineering's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gensol Engineering Long-Term Capital Lease Obligation Chart

Gensol Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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120.40

552.00

789.30

Gensol Engineering Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													766.00	-	789.30	-	1,231.40

Gensol Engineering (BOM:542851) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Gensol Engineering Business Description

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GENSOL:India

Address

S G Road, Block - A, 15th Floor, Westgate Business Bay, Jivraj Park, Makarba, Ahmedabad, GJ, IND, 380051

Website

https://www.gensol.in

Gensol Engineering Ltd is a renewable energy solutions provider focused on end-to-end solar engineering, procurement, and construction projects. It is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across various countries, including India. The company has two operating segments namely Engineering, advisory & EPC of Solar Power Projects, and Leasing of cars. It generates the majority of its revenue from the Engineering, advisory & EPC of Solar Power Projects segment.

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